Short answer
Sysco (SYY) filed an 8-K current report with the SEC on September 4, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 5.02 (Departure/Election of Directors or Officers). $2M PSU award for CEO Kevin Hourican tied to JRD Acquisition closing and three-year post-close performance.
Sysco 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- $2M PSU award for CEO Kevin Hourican tied to JRD Acquisition closing and three-year post-close performance
- $1M PSU award for Interim CFO Brandon Sewell, with payouts ranging from 0% to 200% of target
- PSU awards canceled if JRD Acquisition fails to close, currently expected by Q3 2027
- $700,000 cash award for Chief Human Resources Officer Ronald Phillips tied to AI transformation leadership
- Phillips’ award requires employment through JRD closing, with 50% vesting September 4, 2026 and 50% at closing
Other items in this filing:
- Item 1.01: Entry into a Material Definitive Agreement
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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